Benchmark U.S. crude oil for June delivery rose $1.82 to $73.16 a barrel Monday. Brent crude for July delivery rose $1.71 to $77.01 a barrel. Wholesale gasoline for June delivery rose 8 cents $2.46 a gallon. June heating oil rose 7 cents $2.38 a gallon. June natural gas rose 10 cents to $2.24 per 1,000…
Closing Prices for Crude Oil, Gold and Other Commodities (May 8)
May 8, 2023
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Australia’s Largest Super Funds Invest $34 Billion in Fossil Fuels in 2022: Report
New research has found that the 30 largest superannuation funds in Australia invested $34 billion in fossil fuel companies, both domestic and overseas, in 2022. Market Forces, an environmentalist organisation that wants financial institutions to “go green,” has released an analysis indicating that Australia’s biggest funds have raised their investment in companies developing coal, oil…
Freelancing Full-Time? 5 Personal Finance Moves
May 8, 2023
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I did everything backward when I started freelancing. I was fresh out of journalism school. Instead of getting an entry-level job at a newspaper or magazine, I immediately started looking for online gigs. My then-husband and I were up to our eyeballs in student loan debt. He still had years of schooling ahead of him….
Investors Should Prepare for Threat of a ‘Minsky Moment,’ Says Economist
May 8, 2023
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Investors should prepare for months of market readjustments due to the imminent threat of a “Minsky Moment,” said a top economist. The “Minsky moment” is named after economist Hyman Minsky’s description of a precipitous drop in asset prices after a build-up of debt. Ludovic Subran, the chief economist at Allianz, formerly worked at the World Bank…
Diesel Prices on Cusp of $4 a Barrel as Pump Prices Decline for Third Straight Week
May 8, 2023
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Average U.S. diesel prices have declined, while gas prices declined for the third consecutive week. The national average price of diesel fell by $0.063 over the last week, and now stands at $4.01 per gallon, $1.51 lower from a year ago, according to GasBuddy. The most common U.S. diesel price was $3.99 per gallon, which stood…
How to Set Up an Automatic Payment Plan
Creditors, especially banks and credit card issuers, are unbelievably sensitive to whether you pay your bills on time. So is your credit score. One slip-up could cost you dearly if that means you lose your low- or no-interest rate, or a late payment results in a big late fee. Late payments when reported to the…
Investing: Cutting Through the Noise
May 8, 2023
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Commentary As an investor, it’s very easy to look at the current environment and shake one’s head. There’s a tremendous amount of headwinds. Given the volumes of headlines involving inflation, the debt ceiling, incompetence in Washington, geopolitical risks, China, etc., some investors may just give up and stash away their cash. But that could prove…
Where’s the Best Place to Park Your Savings?
Besides under the proverbial mattress, knowing where to keep your cash can be challenging. This is especially true with the latest bank failures. Of course, you want your money to earn interest, but you also need it to be safe. And there are numerous choices. When deciding to park your savings, it’s best to examine…
How a Fed Increase Could Affect Credit Card Debt, Auto Loans?
May 6, 2023
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NEW YORK—The Federal Reserve has raised its key interest rate yet again in its drive to cool inflation, a move that will directly affect most Americans. On Wednesday, the central bank boosted its benchmark rate by a quarter-point to 5.1 percent. Rates on credit cards, mortgages and auto loans, which have been surging since the…
7 Tips for Managing Your Real Estate Business Like a Pro
By Dave Spooner When it comes to investing in real estate, good management is the key to success. It’s the difference between real estate being a daily stressor in your life or an avenue to financial freedom. But rental businesses have many moving parts, and it can be difficult to prioritize your landlord duties when…
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